Management of Business Unit 2 - Module 1: Production and Operations Management 1/2

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Sales for the period were $15 000 and 150 units were sold. Direct material was $40, direct labour was $25, direct expenses were $10 and fixed cost amounted to $1,500. What would be the breakeven point, in units?

Select the correct answer(s).

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Sales for the period were $15 000 and 150 units were sold. Direct material was $40, direct labour was $25, direct expenses were $10 and fixed cost amounted to $1,500. What is the margin of safety for the firm?

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The four factors of production are:

and

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Firms are faced with four major questions when deciding on production

and

to produce

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is used when a single product is produced to meet individual specifications

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method allows a group of products to undergo a production process at the same time

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uses a series of repetitive processes to produce standardised products

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occurs when a firm refuses to relocate even after the original benefits of locating in that area have gone

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ALL of the following are factors of production EXCEPT which one?

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What is the name given to the process of adding value to resources?

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The production method that is MOST LIKELY to benefit from economies of scale is:

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Which of the following methods of production is most likely to be used by a sculptor?

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The willingness of consumers to purchase an amount of a product for a particular price at a particular period of time is BEST defined as:

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Which one of the following factors is MOST LIKELY to impact on the location decision of a restaurant?

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Management of Business Unit 2 - Module 1: Production and Operations Management 1/2

Question 1 of 1

Time Left

Sales for the period were $15 000 and 150 units were sold. Direct material was $40, direct labour was $25, direct expenses were $10 and fixed cost amounted to $1,500. What would be the breakeven point, in units?

Select the correct answer(s).

(0/0)

Sales for the period were $15 000 and 150 units were sold. Direct material was $40, direct labour was $25, direct expenses were $10 and fixed cost amounted to $1,500. What is the margin of safety for the firm?

Select the correct answer(s).

(0/0)

Fill in the blank spaces:

Fill in the blanks

(0/0)

Fill in the blank spaces:

Fill in the blanks

(0/0)

Fill in the blank spaces:

Fill in the blanks

(0/0)

Fill in the blank spaces:

Fill in the blanks

(0/0)

Fill in the blank spaces:

Fill in the blanks

(0/0)

Fill in the blank spaces:

Fill in the blanks

(0/0)

ALL of the following are factors of production EXCEPT which one?

Select the correct answer(s).

(0/0)

What is the name given to the process of adding value to resources?

Select the correct answer(s).

(0/0)

The production method that is MOST LIKELY to benefit from economies of scale is:

Select the correct answer(s).

(0/0)

Which of the following methods of production is most likely to be used by a sculptor?

Select the correct answer(s).

(0/0)

The willingness of consumers to purchase an amount of a product for a particular price at a particular period of time is BEST defined as:

Select the correct answer(s).

(0/0)

Which one of the following factors is MOST LIKELY to impact on the location decision of a restaurant?

Select the correct answer(s).

(0/0)

Which of the following methods of production is MOST LIKELY to be associated with the assembly line?

Select the correct answer(s).

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